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WTI tumbles to near $87.50 as US inventories jump, geopolitical risks in focus
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $87.50 during the early Asian trading hours on Friday. WTI loses momentum amid growing US crude oil inventory.
Fed's Williams: Inflation remains too elevated
New York Federal Reserve (Fed) President John Williams said on Friday that inflation remains too elevated, adding that the central bank will have to act over time to bring inflation back to 2%.Ā
Gold falls to over one-year low below $3,900 amid inflation concerns, US PPI data looms
Gold price (XAU/USD) drops to a more-than-one-year low around $3,880 during the early Asian session on Friday. Persistent US inflation concerns and expectations of higher interest rates weigh on the precious metal.
The New Zealand Dollar's slump runs into RBNZ inflation expectations
Monday's post-election bounce in the Kiwi lasted one session, and three straight falls since have put it back beside its lowest level in more than 18 months. NZD/USD is trading around 0.5550, and Thursday's low was only slightly lower.
Australian Dollar tests 0.68 as Fed hawks drive USD to 19-month high
The Australian Dollar extended its losses against the US Dollar on Thursday, down 0.67% even though US jobs data was slightly softer than expected, but the hawkish camp at the Federal Reserve (Fed) provided a lifeline to the Greenback, which reached 19-month highs.
Yen stalls at 160.00 on Tokyo's warning ahead of Japan's growth data
The 160.00 level, where Japan has bought Yen twice this year, was reached on Thursday for the first time since early September, and USD/JPY didn't stay above it. The session high was just over the level and the pair is trading just under it, almost exactly where it started.
A Euro at an 18-month low heads into Eurozone growth and US prices
Three straight daily falls have taken the Euro to its lowest in 18 months, and the break came from the US side of the pair. EUR/USD is down from near 1.1200 at Monday's close to around 1.1050, after a session low just under it.
UK jobs and inflation come next for a Pound on a three-day slide
Better UK growth hasn't stopped the Pound falling for a third straight day against a Dollar that has a December Fed hike fully priced. GBP/USD has dropped from Monday's close just under 1.3450 and is trading around 1.3250. Thursday's low is the lowest the pair has traded since October 15.
Banxicoās Heath warns rate cut sends wrong signal on inflation
The Bank of Mexico (Banxico) Deputy Governor Jonathan Heath said that the recent rate cut by the Mexican central bank āconfuses and sends the wrong messageā to financial markets and emphasized that the inflation risk is tilted to the upside, in an exclusive interview with Reuters.
Gold plunges to one-year low near $3,850 as Fed hawks take charge
Gold (XAU/USD) tanks nearly 2.8% on Thursday as market participants priced in higher odds of a 50 bps December rate hike by the Federal Reserve (Fed). The XAU/USD trades at $3,874 after touching a yearly low of $3,852.
Fedās Daly warns AI is fueling inflation, sees more rate hikes ahead
San Francisco Federal Reserve (Fed) President Mary Daly commented that there is no doubt AI has fueled price pressure and that it is āhaving limited impact on the labour market.ā
Forex Today: US inflation is back
The US Dollar (USD) maintained its bullish momentum well in place for yet another day, this time revisiting levels last seen in April 2025 amid steady speculation of further tightening by the Federal Reserve, with investors even mulling the idea of a half-point interest rate raise.
Silver tumbles over 3% as Fed rate hike bets fuel US Dollar rally
Silver (XAG/USD) extends its decline on Thursday, losing 3% on the day to trade around $50.15 at the time of writing.